Invest in Georgia Program: Conditions for Investors

A great start for start-up entrepreneurs awaits in Georgia.

The government aims to attract foreign investors and to develop its own projects inside the country. For this purpose, a project called "Invest in Georgia" has been created, which will be discussed in this article.

History of the creation of the "Invest in Georgia" project

Numerous reforms simplifying trade relations have led to Georgia being recognized as a country with transparent investment regimes since 2016.

There are no special requirements for foreign citizens wishing to do business in Georgia. All you need to do is to register a company, choose a tax regime and start working. If you are not planning to do business in the areas of national interests related to transportation, defense and arms, you will be treated in Georgia the same way as Georgian companies.

What does participation in the "Invest in Georgia" program give you

The Georgia Economic Development Agency offers investors information on the data needed to analyze the market. This helps aspiring businessmen choose the right niche based on research in the right industry.

The same agency also ensures the entrepreneur's interaction with government agencies, partners, and prepares new businesspeople for roadshows.

When an enterprise starts operating, the agency's employees do not step aside, but continue to support the investor and help with the reinvestment of the business if necessary.

Examples of successful companies working under the program

1. the Hualing group

A well-known Chinese company is investing millions of dollars in Georgia, building real estate, including tourist destinations.

Thanks to this company about 3 thousand people found jobs in Georgia. It is not only one of the biggest foreign companies in Georgia, but also loved by Georgians themselves.

2. Evolution Georgia.

The leading online gaming company has created jobs for 2.5 thousand people through the development of a large project in Georgia. The employees are engaged in the development of games, support in the sphere of information technologies and also create and promote their own websites.

The company, which has offices in several countries, chose Georgia because of its open tax system and lack of corruption. In addition, there are many young people in Georgia who are eager to develop by working for international companies.

3. Henkel

The absence of corruption and the clear tax system in Georgia attracted another multi-billion dollar company to invest and open branches.

Henkel was one of the first companies that built a factory in Georgia, and now they are actively engaged in supplying the entire Caucasus region with their products.

As an additional plus, the director of the company noted the adequacy of salaries for the employees and the developing economy of the country.

4. Asseco Georgia

The largest software provider also did not miss the chance to take advantage of the "Invest in Georgia" program to expand his company.

The ease of doing business in Georgia, the availability of smart employees and the steady economic growth were the determining factors in the choice of the country to establish a branch.

Today, well-known Georgian companies and government agencies use the services of this company.

5. Majorel Georgia

Majorel Georgia is an example of rapid growth of a foreign company on the project "Invest in Georgia". Having only one client in the first year of the company's existence, it managed to untwist and reach a turnover of several million €.

Several years after the start-up, this company managed to give Georgians about 1.5 thousand jobs, and it has no plans to stop there. The favorable environment for business development in Georgia only gives the company the opportunity to increase its capital.

Read also

• Tax Residency in Georgia: Benefits and Requirements